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Javier E

Lessons of the Great Recession: How the Safety Net Performed - NYTimes.com - 0 views

  • it’s none too soon to begin asking the question: what have we learned about economic policy in this crash that should inform our thinking for the next downturn? 
  • Let’s start with the safety net since it’s a fixture of advanced economies and serves the critical function of catching (or not) the most economically vulnerable when the market fails
  • For many of today’s conservatives, the increased use of a safety-net program is proof that there’s something wrong with the user, not the underlying economy.
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  • But while people do abuse safety nets — and not just poor people (think bank bailouts and special tax treatment of multinational corporations) — I want to see receipt of unemployment insurance, the rolls of the Supplemental Nutrition Assistance Program (food stamps), and so on go up in recessions.  In fact, their failure to do so would be a sign that something’s very wrong, like an air bag that failed to deploy in a crash.
  • There are two reasons that T.A.N.F. was so unresponsive.  First, welfare reform in the mid-1990s significantly increased its work requirements
  • Second, T.A.N.F. was “block granted,” meaning states receive a fixed amount that is largely insensitive to recessions
  • it is a fixture of conservative policy on poverty to apply this same block grant strategy to food stamps and Medicaid.  The numbers and the chart above show this to be a recipe for inelastic response to recession, or, more plainly, a great way to cut some big holes in the safety net.
  • The official rate for children goes up over the recession, from 18 percent to 22 percent, but once you include the full force of safety-net (and Recovery Act) measures that kicked in, it holds steady at about 15 percent.
  • this figure provides strong evidence of the effectiveness of the American safety net in the worst recession since the Depression.
  • because the recession is receding, shouldn’t the SNAP rolls be coming down as well?
  • SNAP rolls remain elevated because their function remains critical in what’s still a tough job market for low-income households. 
  • the fact is that markets fail, and when they do, income and food supports must rise to protect the most economically vulnerable families.
  • let’s get this straight: the poor and their advocates were not the ones who tanked the economy.  Nor should they be on the defensive when the safety net expands to offset some of the damage.  The right question at such times is thus not why the SNAP rolls are so high.  It’s whether SNAP, unemployment insurance, T.A.N.F. et al are expanding adequately to meet the needs of the poor.
Javier E

The Crash That Failed | by Robert Kuttner | The New York Review of Books - 0 views

  • the financial collapse of 2008. The crash demonstrated the emptiness of the claim that markets could regulate themselves. It should have led to the disgrace of neoliberalism—the belief that unregulated markets produce and distribute goods and services more efficiently than regulated ones. Instead, the old order reasserted itself, and with calamitous consequences. Gross economic imbalances of power and wealth persisted.
  • In the United States, the bipartisan financial elite escaped largely unscathed. Barack Obama, whose campaign benefited from the timing of the collapse, hired the architects of the Clinton-era deregulation who had created the conditions that led to the crisis. Far from breaking up the big banks or removing their executives, Obama’s team bailed them out.
  • criminal prosecution took a back seat to the stability of the system.
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  • the economic security of most Americans dwindled, and the legitimacy of the system was called into question. One consequence has been the rise of the far right; another is Donald Trump.
  • Germany insisted that the struggling countries had to practice austerity in order to restore the confidence of private financial markets. In a deep recession, even orthodox economists at the International Monetary Fund soon recognized that austerity was a perverse recipe for economic recovery.
  • Europe, because of Germany’s worries that these policies would lead to inflation, had no way to extend credit to struggling nations or to raise money through the sale of bonds, which would have allowed the ECB to provide debt relief or to invest in public services.
  • The political result was the same on both sides of the Atlantic—declining prospects for ordinary people, animus toward elites, and the rise of ultra-nationalism
  • Not so in Europe. Parties such as the German Social Democratic Party, the British Labour Party, and the French Socialists disgraced themselves as co-sponsors of the neoliberal formula that brought down the economy.
  • In nation after nation, the main opposition to the party of Davos is neofascism.
  • In his masterful narrative, the economic historian Adam Tooze achieves several things that no other single author has quite accomplished. Tooze has managed to explain a hugely complex global crisis in its multiple dimensions, and his book combines cogent analysis with a fascinating history of the political and economic particulars
  • when the collapse came, it was “a financial crisis triggered by the humdrum market for American real estate.”
  • the collapse reinforced the financial supremacy of Washington and New York. “Far from withering away,” he writes, “the Fed’s response gave an entirely new dimension to the global dollar.”
  • When the entire structure of borrowed money collapsed, the losses more than wiped out all the capital of the banking system—not just in the US but in Europe, because of the intimate interconnection (and contagion) of American and European banks. Had the authorities just stood by, Tooze writes, the collapse would have been far more severe than the Great Depression:
  • While insisting to Congress that the emergency response was mainly to shore up US finance, Bernanke turned the Fed into the world’s central bank. “Through so-called liquidity swap lines, the Fed licensed a hand-picked group of core central banks to issue dollar credits on demand,” Tooze writes. In other words, the Fed simply created enough dollars, running well into the trillions, to prevent the global economy from collapsing for lack of credit.
  • Bernanke instigated government action on an unimagined scale to prop up a private system that supposedly did not need the state
  • Using deposit guarantees, loans to banks, outright capital transfers, and purchases of nearly worthless securities, the Fed and the Treasury recapitalized the banking system. To camouflage what was at work, officials invented unlimited credit pipelines with disarmingly technical names.
  • The blandly named policy of quantitative easing, which drove interest rates down to almost zero, was a euphemism for Fed purchases of immense quantities of private and government securities.
  • The crisis, Tooze writes, “was a devastating blow to the complacent belief in the great moderation, a shocking overturning of the prevailing laissez-faire ideology.” And yet the ideology prevailed
  • In a reversal of New Deal priorities, most of the relief went to the biggest banks, while smaller banks and homeowners were allowed to go under
  • Banks were permitted to invent complex provisional loan “modifications” with opaque terms that favored lenders, rather than using their government subsidies to provide refinancing to reduce homeowner debts
  • How did a nominally center-left administration, elected during a financial crisis caused by right-wing economic ideology and policy, end up in this situation?
  • Turning to Europe, Tooze explores the fatal combination of Germany’s demands for austerity with the structural weakness of the ECB and the vulnerability of the euro.
  • Portugal or Greece now enjoyed interest rates that were only slightly higher than Germany’s, and markets failed to take account of the risk of default, which was more serious than that of devaluation.
  • instead of treating the Greek situation as a crisis to be contained and helping a genuinely reformist new government find its footing, Brussels and Berlin treated Greece as an object lesson in profligacy and an opportunity to insist on punitive terms for financial aid
  • A central player in this tragedy was the European Central Bank. Tooze does a fine job of explaining the delicate dance between the bank’s leaders and its real masters in Germany. Since Germany opposed continent-wide recovery spending, the bank could only pursue monetary policy. The model was the Fed. Yet while the Fed has a congressional “dual mandate” to target both price stability and high employment, the ECB’s charter allowed for price stability only
  • The ECB, with the consent of the Germans, came up with one of those bland-sounding names, Outright Monetary Transactions, for its direct purchases of government bonds. But the program, at the insistence of the Germans, was restricted to nations in compliance with Merkel’s rigid fiscal terms, which limited national deficits and debts. In other words, the money could not go to the very nations where it was needed most, since the hardest-hit countries had to borrow heavily to get themselves out of the recession
  • Reading Tooze, you realize that it’s a miracle that the EU and the euro survived at all—but they did so at terrible human cost.
  • the ideal of liberalized trade, and the use of trade treaties to promote deregulation or privatized regulation of finance, is a major element of the story of how neoliberal hegemony promoted the eventual collapse. But except for a passing reference, trade and globalized deregulation get little mention here.
  • he has almost nothing to say about Janet Yellen. Her nomination as Fed chair in 2013 to succeed Bernanke was an epochal event and an improbable defeat for the proponents of austerity, deregulation, and bank bailouts who influenced Obama’s policymaking. Yellen, a left-liberal economist specializing in labor markets, was the only left-of-center Fed chair other then FDR’s chairman Marriner Eccles. She also believed in tough regulation of banks. The extension of quantitative easing well beyond its intended end was substantially due to Yellen’s concern about wages and employment, and not just price stability, since low interest rates can also help promote recovery.
  • Tooze ends the book with a short chapter called “The Shape of Things to Come,” mainly on the ascent of China, the one nation that avoided all the shibboleths of economic and political liberalism, though it also, of course, does not have a political democracy.
Javier E

Deadly 1918 flu pandemic's lessons ignored in Trump's coronavirus response, historian s... - 0 views

  • as fears about the coronavirus spread, at least one historian is worried the Trump administration is failing to heed the lesson of one of the world’s worst pandemics: Don’t hide the truth.
  • “They [the Trump administration] are clearly trying to put the best possible gloss on things, and are trying to control information,” said John M. Barry, author of “The Great Influenza: The Epic Story of the Deadliest Plague in History,”
  • News about the war was carefully controlled by the Committee on Public Information, an independent federal agency whose architect, publicist Arthur Bullard, once said, “The force of an idea lies in its inspirational value. It matters very little if it is true or false.”
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  • when the Spanish flu spread across the United States in the fall of 1918, both the government and the media continued the same rosy strategy “to keep morale up.”
  • President Woodrow Wilson released no public statements. Surgeon General Rupert Blue said, “There is no cause for alarm if proper precautions are observed.” Another top health official, Barry said, dismissed it as “ordinary influenza by another name.”
  • But it wasn’t. The Spanish flu had a mortality rate of 2 percent — much higher than seasonal influenza strains, and similar to some early estimates about the coronavirus.
  • For the most part, the media followed the government’s lead and self-censored dire news. That made everything worse, Barry said.
  • For example, in Philadelphia, local officials were planning the largest parade in the city’s history. Just before the scheduled event, about 300 returning soldiers started spreading the virus in the city.
  • “And basically every doctor, they were telling reporters the parade shouldn’t happen. The reporters were writing the stories; editors were killing them,” he said. “The Philadelphia papers wouldn’t print anything about it.”
  • The parade was held and, 48 hours later, Spanish flu slammed the city. Even once schools were closed and public gatherings were banned, city officials claimed it wasn’t a public health measure and there was no cause for alarm,
  • Philadelphia became one of the hardest hit areas of the country. The dead lay in their beds and on the streets for days; eventually, they were buried in mass graves. More than 12,500 residents died
  • The Jefferson County Union in Wisconsin warned about the seriousness of the flu on Sept. 27, 1918. Within days, an Army general began prosecution against the paper under a wartime sedition act, claiming it had “depressed morale.
  • As the pandemic raged through October of that year, Americans could see with their own eyes that the “absurd reassurances” coming from local and national officials weren’t true. This crisis of credibility led to wild rumors about bogus cures and unnecessary precautions
  • The Spanish flu ultimately killed about 50 million people worldwide, including 675,000 people in the United States, according to the Centers for Disease Control and Prevention. Even President Wilson caught it, in the middle of negotiations to end the Great War.
  • “I think the No. 1 lesson that came out of the experience is that if you want to prevent panic, you tell the truth,”
  • Now, with coronavirus, Barry said he’s “a little bit worried” about the plan being followed. He doesn’t think the Trump administration is “outright lying, but they’re definitely giving you interpretations that seem to be the best-case scenarios.”
  • He’s particularly concerned about President Trump’s decision to have Vice President Pence oversee the response, instead of an expert such as Anthony Fauci, the doctor who heads the National Institute of Allergy and Infectious Diseases at the National Institutes of Health.
  • Given the credibility crisis that happened with the 1918 pandemic, Barry said that was “the exact wrong thing to do.”
Javier E

Ganesh Sitaraman's "The Crisis of the Middle-Class Constitution" - The Atlantic - 0 views

  • Rebecca J. Rosen: Your new book, The Crisis of the Middle-Class Constitution, is premised on the idea that the American Constitution is what you call a middle-class constitution. What does that mean?
  • Ganesh Sitaraman: The idea of the middle-class constitution is that it’s a constitutional system that requires and is conditioned on the assumption that there is a large middle class, and no big differences between rich and poor in a society.
  • Prior to the American Constitution, most countries and most people who thought about designing governments were very concerned about the problem of inequality, and the fear was that, in a society that was deeply unequal, the rich would oppress the poor and the poor would revolt and confiscate the wealth of the rich.
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  • We have to distinguish between two separate things. The first is what I’m calling the tradition of the middle-class Constitution, and the idea here is that to have a republic, you have to have relative economic equality, and that’s within the political community.
  • What we have is a constitutional system that doesn’t build class in at all, and the reason why is that America was shockingly equal at the time in ways that seem really surprising to us today.
  • The idea is that the Constitution relies on a relatively equal society for it to work. In societies that are deeply unequal, the way you prevent strife between rich and poor is you build class right into the structure of government—the House of Lords, House of Commons idea. Everyone has a share in government, but they also have a check on each other.
  • In a country that doesn’t have a lot of inequality by wealth, you don’t need that kind of check. There’s no extreme wealth, there’s no extreme poverty, so you don’t expect there to be strife, to be instability based on wealth. And so there’s no need to put in some sort of check like that into the Constitution.
  • That’s how our Constitution works. The reason why it works this way is that when the founders looked around, they thought America was uniquely equal in the history of the world.
  • extreme wealth, there’s extreme poverty, neither of which really exists in America. As a result they don’t need to design a House of Lords and a House of Commons, they don’t need a tribune of the plebs in order to make their constitution work.
  • And in an unequal society, the only possible government you could have would be some sort of aristocracy or monarchy.
  • there’s another question which is, who is in the political community? And that’s a question that’s been fiercely debated over our history, fiercely contested over our history.
  • There’s a second tradition that we call the tradition of inclusion, which over time has fought to expand the community to include minorities, to include women. The challenge for anyone who’s interested in continuing both of these traditions is, how do they work together?
  • I think the key thing is, when you expand the political community, you have to make sure that every member of the political community then has the opportunity to join the middle class, or else you can't maintain the structure of the republic and the preconditions for having a republic.
  • In the 17th century in England, James Harrington writes a book called The Commonwealth of Oceana, and it’s a pivotal book, extremely important in the history of political thought. What Harrington argues is that the balance of power in politics in any society will inevitably mirror the balance of property in society, and he talks a lot about property. We can think about that as wealth
  • What Harrington does is he explains this by saying that power has to follow property.
  • there’s actually a radical change in our Constitution that we don’t build economic class directly into these institutions. The purpose of the Senate, with its longer terms, is to allow representatives to deliberate in the longer-term interest of the republic, and that’s the goal of the Senate.
  • their intellectual fountain, is Harrington, who suggests that, if you have an equal society, it is possible to have what he called a commonwealth, or a republic.
  • his views were well known in the time period. In fact, more so than being known, they were just believed by everyone. Everyone embraced them, in some cases without even necessarily knowing their source, although throughout the founders’ writings they list Harrington as one of the great political thinkers who can comment on what it means to create a republic.
  • by the late 19th century, industrialization has reached full force.
  • These are all huge changes in the economy, and they put serious pressure on the economic foundations of the Constitution.
  • The response that starts really in full force in the populist era of the late 19th century and moves into the Progressive Era is to try to combat both economic power and to prevent economic power from turning into political power.
  • antitrust laws
  • People in this time period do a lot of extraordinary things.
  • an income tax
  • the first campaign-finance regulations
  • a constitutional amendment to require the direct election of U.S. senators
  • These factors, these actions, both economic and political, were designed to create what Teddy Roosevelt called an economic democracy that was necessary as a precondition for political democracy.
  • we regulated the financial industry through the Securities and Exchange Commission, Glass-Steagall during the Great Depression.
  • it happens for three reasons. The first is that we experience a huge economic boom. This is a period that economists call the Great Compression. GDP goes up, median wages go up, we build America’s middle class during this period.
  • a lot of things that contributed
  • After World War II, something changes. In this period, post-World War II, the idea that economic equality is necessary for our constitutional system falls out of the consciousness of most people.
  • We also invested a lot in the kinds of things that would build a strong middle class. We sent a generation to college through the GI bill. We invested in infrastructure, which created jobs. We invested in research and development
  • We also encouraged homeownership, and in addition to all of that, we also undertook policies that would help the people who were worst-off in society: Medicare, Medicaid, Head Start. Together, these things meant that we created a society that was more equal economically than we had seen in generations.
  • constitutional debates over the economy waned, because the New Dealers won the fight over the Constitution. Debates about economic policy now just moved into regulatory terms. There was no question that the Constitution empowered the federal government to be able to regulate and operate within the economy.
  • The third big factor is the Cold War.
  • After World War II, the contrast is now between capitalism and communism, not between republics and aristocracies. As a result, the egalitarian tradition in America wanes because of the fear of communism.
  • The fear in that period switches from a fear over aristocrats, oligarchs, and plutocrats to a fear of becoming too much like the Soviet Union and too much like the communists.
  • first had a period of about 30 years where things went really well. We had a growing middle class, an expanding middle class; in fact, it was in this period that we first made serious efforts to make our country more inclusive.
  • then, just at that moment, we started turning in a different direction and undermining many of the policies that had actually built the middle class. So over the last generation, we’ve significantly reduced taxes on the wealthy, we’ve abandoned a serious antitrust policy, we’ve started investing less in the things that create a broad middle class—education, infrastructure, research. And the result of all of this was the stagnating middle class
  • One of the important things about having a large middle class for society is that there’s a sense of everyone being part of the shared project. No one’s so different from each other when there’s a large middle class.
  • People don’t have different economic interests, and as a result, they often don't have very different social interests. People send their kids to the same public schools, they live in the same neighborhoods, they shop in the same places, they play on the same sports teams.
  • When the middle class starts to crumble, people increasingly see themselves as different from others. They sort themselves by wealth, by education level, and the result is that there’s an increasing fracturing of society, a loss of the solidarity that comes with having a large middle class
  • throughout our history, you see big divergences between the tradition of inclusion and the tradition of the middle class. In some cases, they overlap.
  • These two things don’t necessarily have to go together.
  • I think the most interesting moments in our history, though, are when there were people who understood that these two things had to go together, and in fact tried to build movements around them. The Civil Rights Era is a good example
  • One of the most exciting things about writing this book is discovering how often throughout our history people talked about the Constitution in economic terms. Throughout our history there was a deep sense that to have a republic, to have our Constitution work, we had to have economic equality, and that the Constitution in fact relied on this and in some cases even required action from political leaders to fulfill this economic equality.
  • In Reconstruction, in the Jacksonian Era, the populists, the progressives, the New Dealers. Throughout our history, there is a strong tradition of people who believe this.
  • there’s lots of places we could think about this in our Constitution today
  • To take a simple example, a case like Citizens United uses the First Amendment in order to stop efforts, it seems, to make our political and economic system more equal by enabling corporations and wealthy people to have outsized power over the political process. We could think about a wide variety of constitutional provisions differently if we took this seriously—the Equal Protection Clause, the First Amendment, the 13th Amendment, which was seen by the Reconstruction Republicans as not just ending slavery but also empowering Congress to create economic opportunity for people who were struggling economically.
  • Even going back to the ancients there was a fear that economic power would turn into political power and undermine the republic. That’s an oligarchy.
  • First, the wealthy start believing that they’re better than everybody else, that they’re more virtuous, that they deserve to govern
  • The second thing that happens is that the wealthy now have different interests than everybody else. The things that are good for them aren’t actually in the common good, so when they do govern, they start pursuing policies that improve their well-being and wealth at the expense of everyone else.
  • the “doom loop of oligarchy”: once you start down this path, it’s very hard to get out of it.
  • The problem with the vicious cycle that leads to oligarchy is that people are smart, and they see it happening, and they know, and they feel that the system is rigged against them. And in that context, people revolt against the system. This doesn’t happen through some sort of mass uprising. What the people do is they look for a leader, they look for someone who will help them overthrow the oligarchy.
  • The threat for unequal republics is on the one hand oligarchy and then on the other hand tyranny. That is a pretty unfortunate fate in either direction.
Javier E

Trump and Johnson aren't replaying the 1930s - but it's just as frightening | George Mo... - 0 views

  • anger that should be directed at billionaires is instead directed by them. Facing inequality and exclusion, poor wages and insecure jobs, people are persuaded by the newspapers billionaires own and the parties they fund to unleash their fury on immigrants, Muslims, the EU and other “alien” forces.
  • From the White House, his Manhattan tower and his Florida resort, Donald Trump tweets furiously against “elites”. Dominic Cummings hones the same message as he moves between his townhouse in Islington, with its library and tapestry room, and his family estate in Durham. Clearly, they don’t mean political or economic elites. They mean intellectuals: the students, teachers, professors and independent thinkers who oppose their policies. Anti-intellectualism is a resurgent force in politics.
  • Myths of national greatness and decline abound. Make America Great Again and Take Back Control propose a glorious homecoming to an imagined golden age. Conservatives and Republicans invoke a rich mythology of family life and patriarchal values. Large numbers of people in the United Kingdom regret the loss of empire.
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  • Extravagant buffoons, building their power base through the visual media, displace the wooden technocrats who once dominated political life. Debate gives way to symbols, slogans and sensation. Political parties that once tolerated a degree of pluralism succumb to cults of personality.
  • Politicians and political advisers behave with impunity. During the impeachment hearings, Trump’s lawyer argued, in effect, that the president is the nation, and his interests are inseparable from the national interest.
  • Trump shamelessly endorses nativism and white supremacy. Powerful politicians, such as the Republican congressman Steve King, talk of defending “western civilisation” against “subjugation” by its “enemies”. Minorities are disenfranchised. Immigrants are herded into detention centres.
  • Political structures still stand, but they are hollowed out, as power migrates into unaccountable, undemocratic spheres: conservative fundraising dinners, US political action committees, offshore trade tribunals, tax havens and secrecy regimes.
  • The bodies supposed to hold power to account, such as the Electoral Commission and the BBC, are attacked, disciplined and cowed. Politicians and newspapers launch lurid attacks against parliament, the judiciaryand the civil service.
  • Political lying becomes so rife that voters lose the ability to distinguish fact from fiction. Conspiracy theories proliferate, distracting attention from the real ways in which our rights and freedoms are eroded
  • With every unpunished outrage against integrity in public life, trust in the system corrodes. The ideal of democracy as a shared civic project gives way to a politics of dominance and submission.
  • All these phenomena were preconditions for – or facilitators of – the rise of European fascism during the first half of the 20th century. I find myself asking a question I thought we would never have to ask again. Is the resurgence of fascism a real prospect, on either side of the Atlantic?
  • It is easier to define as a political method. While its stated aims may vary wildly, the means by which it has sought to grab and build power are broadly consistent. But I think it’s fair to say that though the new politics have some strong similarities to fascism, they are not the same thing.
  • Trump’s politics and Johnson’s have some characteristics that were peculiar to fascism, such as their constant excitation and mobilisation of their base through polarisation, their culture wars, their promiscuous lying, their fabrication of enemies and their rhetoric of betrayal
  • But there are crucial differences. Far from valorising and courting young people, they appeal mostly to older voters. Neither relies on paramilitary terror
  • Neither government seems interested in using warfare as a political tool.
  • Trump and Johnson preach scarcely regulated individualism: almost the opposite of the fascist doctrine of total subordination to the state.
  • Last century’s fascism thrived on economic collapse and mass unemployment. We are nowhere near the conditions of the Great Depression, though both countries now face a major slump in which millions could lose their jobs and homes.
  • Not all the differences are reassuring. Micro-targeting on social media, peer-to-peer texting and now the possibility of deepfake videos allow today’s politicians to confuse and misdirect people, to bombard us with lies and conspiracy theories, to destroy trust and create alternative realities more quickly and effectively than any tools 20th-century dictators had at their disposal.
  • this isn’t fascism. It is something else, something we have not yet named. But we should fear it and resist it as if it were.
lilyrashkind

6 Everyday Inventions That Debuted at World's Fairs - HISTORY - 0 views

  • Emerging from the medieval tradition of agricultural and trade fairs, the Great Exhibition of the Works of Industry of All Nations, held in London in 1851, was the first international gathering of this kind, and widely considered the first World’s Fair.
  • Throughout the rest of the 19th century, countries and companies used World’s Fairs as opportunities to make fairgoers from rapidly industrializing nations more comfortable with and confident in manufactured goods. In some cases, companies even built fully functional small-scale versions of their factories as part of their exhibition.
  • But the highlight and most eagerly anticipated part of these World’s Fairs was the introduction of new technologies and inventions. This provided fairgoers the chance to see the latest products and developments ahead of the rest of the public, and gave countries, industrialists and inventors an international stage from which to showcase their achievements. And while many of these inventions never caught on (it turns out, there’s not much demand for cigarette-smoking robots), there are others that continue to be used on a daily basis. Here are six examples of everyday inventions that debuted at World’s Fairs.
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  • It’s easy to take the zipper for granted today, but before it was invented, getting (and staying) dressed involved securing clothing with ropes, ties, buttons or other fasteners.
  • After years of attempts, Bell achieved his goal of transmitting sound over a wire, and on March 7, 1876, obtained his first U.S. Patent for a device he labeled as “Improvement on Telegraphy”—now better known as the telephone.
  • The first World’s Fair to take place in the United States was held in Philadelphia in 1876, and also celebrated the 100th anniversary of the country’s founding.
  • Then, in 1893, inventor Whitcomb L. Judson received a patent for his “clasp locker” shoe fastener, and immediately partnered with businessman Colonel Lewis Walker to launch the Universal Fastener Company and manufacture his invention
  • Along with the zipper, the Garis-Cochran Dishwashing Machine was also first introduced to the public at the 1893 Chicago World’s Fair, in a display drawing crowds curious about the contraption capable of thoroughly washing and drying 240 dishes in two minutes. The crowd-pleasing exhibit was more than a decade in the making. In 1883, Ohio entrepreneur Josephine Garis Cochran grew frustrated with the amount of time it took to clean up after dinner parties, reportedly saying, “If nobody else is going to invent a dishwashing machine, I’ll do it myself.” And she did.
  • One of the biggest challenges that arose during the early days of electricity was getting it from the power source to an individual device. By the 1880s, entire houses were being wired for electricity, but electrical appliances had to be connected to the home’s main power source directly, posing serious safety risks to members of the household.
  • April 30, 1939, New York City: This is the scene viewed on the television receivers in the metropolitan area, as the National Broadcasting Company inaugurated the first regular television service to the American public telecasting the ceremonies marking the opening of the New York World's Fair. Bettmann via Getty Images
  • May 1, 1939 saw another television milestone: the launch of a regular television broadcast schedule on the National Broadcasting Company (NBC), which was owned by RCA.
  • Fairgoers could take what was advertised as “America’s first television tour” (presented by NBC), where they would learn about the history of the medium, as well as the science and engineering that made its broadcast possible.
  • In the age of smartphones, it’s easy to identify the touchscreen demonstration at the World’s Fair as a significant technological turning point, but according to Jack Neely, executive director of the Knoxville History Project and crowd controller at the World’s Fair, that wasn’t apparent at the time. “It was...one of those things you had to look fast to notice,” Neely told the University of Tennessee Daily Beacon in a 2017 interview.
Javier E

The End Of Mexico's Great Migration? « The Dish - 0 views

  • Not long ago Mexico was a country with high birth rates that produced many young adults who had trouble finding jobs. Now, the Mexican total fertility rate (TFR)- the number of children born to a typical woman over her lifetime- has plummeted to about 2.25. This rate is only a little above the population replacement rate of 2.1. Unlike in the past, the number of young people in Mexico will no longer be growing rapidly over time, so that the numbers looking for work in the Mexican labor market will be on the decline.
  • The push from Mexico has also diminished because its economy has been growing at a good clip during the past 9 years. Excluding the large drop in 2009, the growth rate in real GDP has been over 4% per year. Mexico’s growth rate after 2009 considerably exceeds the American rate of under 2%, which is remarkable since about 80% of all Mexican exports go to the depressed American economy. One consequence is that the gap between earnings in Mexico and the United States is narrowing. This clearly reduces the demand to immigrate to America, especially under the difficult circumstances illegal immigrants face.
Javier E

Niall Ferguson: Great Britain Saves Itself by Rejecting the EU - The Daily Beast - 0 views

  • This, in sum, is the founding charter of the United States of Europe. Notice two problems however. First, it is not clear how the European Commission, Council, and Court can act in this way, policing a 23-member fiscal union that is not covered by any treaty. Second, the balanced-budget rule is nuts. As it stands, it’s a recipe for excessive rigidity in fiscal policy
  • In the past few months, incompetent leadership has brought the euro-zone economy, and with it the world economy, to the edge of a precipice strongly reminiscent of 1931. Then, as now, it proved impossible to arrive at sane debt restructurings for overburdened sovereigns. Then, as now, bank failures threatened to bring about a complete economic collapse. Then, as now, an excessively rigid monetary system (then the gold standard, now the euro) served to worsen the situation.
  • For some time it has been quite obvious that the only way to save the monetary union is to avoid the mistakes of the 1930s. That means, first, massive quantitative easing (bond purchases) by the European Central Bank to bring down the interest rates (yields) currently being paid by the Mediterranean governments; second, restructuring to reduce the absolute debt burdens of these governments; third, the creation of a new fiscal mechanism that transfers resources on a regular basis from the core to the periphery; and finally the recapitalization of the ailing banks of the euro zone.
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  • the euro zone is about to repeat history. In the absence of sufficient resources for the new federal model, the new rules about budgets (and bank capital) are going to lead to pro-cyclical fiscal and monetary policies, deepening rather than alleviating the economic contraction we are witnessing.
  • if David Cameron can succeed in isolating Britain from the disaster that is unfolding on the continent, he deserves only our praise.
  • Last month I warned that the disintegration of the European Union was more likely than the death of the euro. You now see what I meant. The course on which the continent has now embarked means not just the creation of a federal Europe, but a chronically depressed federal Europe. The Eurocrats have exchanged a Stability and Growth Pact—which was honored only in the breach—for an Austerity and Contraction Pact they intend to stick to. The United Kingdom has no option but to dissociate itself from this collective suicide pact, even if it strongly increases the probability that we shall end up outside the EU altogether.
Javier E

Three Expensive Milliseconds - NYTimes.com - 0 views

  • society is devoting an ever-growing share of its resources to financial wheeling and dealing, while getting little or nothing in return.
  • How much waste are we talking about? A paper by Thomas Philippon of New York University puts it at several hundred billion dollars a year.
  • the share of G.D.P. accruing to bankers, traders, and so on has nearly doubled since 1980, when we started dismantling the system of financial regulation created as a response to the Great Depression.
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  • the financial industry has grown much faster than either the flow of savings it channels or the assets it manages.
  • Defenders of modern finance like to argue that it does the economy a great service by allocating capital to its most productive uses — but that’s a hard argument to sustain after a decade in which Wall Street’s crowning achievement involved directing hundreds of billions of dollars into subprime mortgages.
  • Wall Street’s friends also used to claim that the proliferation of complex financial instruments was reducing risk and increasing the system’s stability, so that financial crises were a thing of the past. No, really.
  • if our supersized financial sector isn’t making us either safer or more productive, what is it doing? One answer is that it’s playing small investors for suckers, causing them to waste huge sums in a vain effort to beat the market.
  • Another answer is that a lot of money is going to speculative activities that are privately profitable but socially unproductive.
  • n short, we’re giving huge sums to the financial industry while receiving little or nothing — maybe less than nothing — in return. Mr. Philippon puts the waste at 2 percent of G.D.P.
  • et even that figure, I’d argue, understates the true cost of our bloated financial industry. For there is a clear correlation between the rise of modern finance and America’s return to Gilded Age levels of inequality.
Javier E

Appomattox and the Ongoing Civil War - The Atlantic - 0 views

  • The great issues of the war were not resolved on that April morning at Appomattox.
  • not only is the Civil War not over; it can still be lost.
  • if the Civil War were fought in the United States today with its ten-fold greater population, 7.5 million soldiers would die.
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  • Americans like being “first” with ideas. But as Abraham Lincoln reminded us, more than four-score years later, the nation founded in a revolution against monarchy had to fight a second revolution against itself in order to determine whether the “proposition” of “equality” had a future in any republic
  • In the wake of this war, Americans faced a profound and all but impossible challenge of achieving two deeply contradictory goals—healing and justice. Healing took generations in many families, if it ever came at all. Justice was fiercely contested.
  • the defeated in this civil war eventually came to control large elements of the event’s meaning, legacies, and policy implications, a reality wracked with irony and driven by the nation’s persistence racism.
  • A shooting war between huge formal armies did indeed end in the spring of 1865 after four years of physical, environmental, social, and human devastation.
  • The “Union,” and all that it meant to northerners as a kind of shield for liberal democracy against oligarchy and aristocracy, survived. It was transformed through blood and reimagined for later generations. The first American republic, created out of revolution in the late 18th century, was in effect destroyed. A new, second republic took its place, given a violent birth in the emancipation of four million slaves and the re-crafting of the U. S. Constitution in the 13th, 14th, and 15th Amendments. Those Amendments—ending legal slavery forever, sanctifying birthright citizenship and establishing “equal protection of the law,” and creating black male suffrage—in effect re-made the United States Constitution. This comprised a second American revolution.  
  • as many as 750,000 American soldiers and sailors may have died in the conflict, the majority from disease. Approximately 1.2 million were wounded
  • There is no reasonable count of civilian deaths, nor of the numbers of freed slaves who perished in the struggle for their own emancipation. Research now suggests that a quarter of all freedmen who made it to contraband camps operated by the Union forces died in the process
  • The Reconstruction era, stretching from 1865 to 1877, was one long referendum on the meaning and memory of the verdicts reached at Appomattox. Differing visions of America’s future were at stake.
  • Perhaps above all, America is a society riven by conflict over federalism, the never-ending debate over the proper relation of federal to state powe
  • In a new book, historian Gregory Downs persuasively argues that a long and persistent “occupation” occurred for at least three years, and perhaps as long as six years, after the end of actual hostilities in spring, 1865
  • As the federal troops receded from view over time, large swaths of the former Confederate states descended into chaos, anarchy and violence, requiring a sustained use of Constitutional “war powers” to maintain any order. Indeed, as Downs shows, a genuine, if inadequate “occupation” was engineered by the U. S. government, almost without precedent, in order to try to bring control to a region that fell into “statelessness,” as it also revolted against defeat and all that it meant. Downs wants his work to speak to the present, and indeed it should. He urges libertarians of today to take notice because this history, as he says, demonstrates that “freedom is only possible within the state.”
  • violence left Reconstruction’s most vexing, twisted legacy. In 1866, bloody massacres of blacks and the destruction of freedmen’s communities wracked the cities of Memphis and New Orleans. In the political violence of Reconstruction, especially in the periods 1868-71 and again in 1875-77, a counter-revolution unfolded
  • Their violence reveals the implications of an unending struggle over race, power, land, and hugely different visions of the ideas of liberty and federalism
  • For a very long time, white Southerners experienced a lethal case of alienation and an explosive sense of grievance, however mythical the origins of those grievances or horrible their outcomes. Since most of the rural South was unpoliced by Union troops, despite the accusations of colonial “occupation” and “bayonet rule,” white Southerners unleashed a bloody fury against blacks and white Republicans born of lost battles, lost mastery, alleged political repression, and the need for “scapegoats” in their scorn for a racial order turned upside down.
  • too much of the political process of Reconstruction became war by other means. By whippings, rapes, the burning of houses, schools and churches, the violent disruption or intimidation of local Republican party meetings, and hundreds of murders and lynchings over a period of less than a decade the Klan and its minions (called variously “Red Shirts” or “white leaguers” and many other names) sought to win back as much of a status quo antebellum as they could achieve. Their victims were teachers, black students, white and black politicians, and uncounted numbers of freedmen and their families who participated in politics or gained some economic autonomy. The record of Reconstruction violence has been clinically detailed, but it is a piece of history that most Americans still prefer to avoid
  • This litany of horror and blood can become almost endless, and it represents the one time in American history when sustained uses of terror successfully worked to transform political regimes. In a process Southerners called “Southern Redemption,” eight of the 11 ex-Confederate states came back under white supremacist, Democratic party control by 1875
  • Much has changed in the fifty years since the crises of 1963—in law, in schooling, in scholarship, in race relations. But whatever the engines of history actually are, what seems apparent is that the legacies of the American Civil War have tended to subside and reemerge in a never-ending succession of revolutions and counter-revolution
  • the presidency of Barack Obama might be seen as a robust new chapter in this story. A significant segment of American society hates the President and cannot seem to abide a black family living in the White House.
  • equality is process of historical change. It forever tacks against the trade winds of individualism, self-interest, material accumulation, and widely varying notions of the idea of “liberty” from which it draws momentum.
  • Yes, the Civil War was rooted in states’ rights, but like any other constitutional doctrine, it significance rests with the issue in whose service it is employed. States’ rights for or to do what? For whom or against whom
  • In 1860 and 1861, some Southerners exercised “state sovereignty” as an act of revolution in the interest, as they said over and over themselves, of preserving a racial order founded on slavery
  • far-right federalists, who dominate the movement called the Tea Party, and who have found a vigorous leadership position at the heart of the Republican Party and on the federal judiciary, have much in common with the secessionists of 1861. Both groups are distinct minorities who have suddenly seized an inordinate degree of power due to congressional districting practices and effective use of conspiracy theories about centralization and the “leviathan” state
  • One acted in revolution to create and save a slaveholders’ republic; the other seems determined to render the modern federal government all but obsolete for any purpose beyond national defense and the protection of private citizens from having to participate in a social contract with their fellow citizens in tax-supported programs such as Social Security, Medicare, public education, environmental protection, or disaster relief
  • Both groups claim their mantle of righteousness in the name of “liberty,” privatization, hyper-individualism and racial supremacy (one openly, the other covertly
  • Both vehemently claim the authority of the “Founders” as though the American Revolution and the creation of the Constitution have no history. Modern-day states’ rightists and sometimes nullifiers embrace versions of federalism that might once have been thought all but buried in the mass slaughter of the Civil War, or in the imperatives of the New Deal’s response to the Great Depression, or in the 1964 and 1965 Civil Rights Acts, or in the battle over the Environmental Protection Agency.
  • The radical wing of the conservative movement in America, still ascendant in Congress and dominant in most of the South, seems determined to repeal much of the twentieth-century social legislation, and even tear up its constitutional and social roots in the transformations of the 1860s.
  • History may seem to have its lulls when it slows down and impinges less on our lives; then we are hit with massive crises, often to our utter surprise, and history speeds up beyond human comprehension.
  • It is impossible to grasp a turning point in history until it has happened, and understanding it may take a generation or more
  • “Misunderstanding of the present,” wrote Bloch, “is the inevitable consequence of ignorance of the past. But a man may wear himself out just as fruitlessly in seeking to understand the past, if he is totally ignorant of the present.”
  • Making “men equal on earth in the sight of other men,” to borrow again from Baldwin, is a long-term proposition, and for that matter, a definition of the meaning of America.
Javier E

Walmart's Visible Hand - NYTimes.com - 0 views

  • Conservatives — with the backing, I have to admit, of many economists — normally argue that the market for labor is like the market for anything else. The law of supply and demand, they say, determines the level of wages, and the invisible hand of the market will punish anyone who tries to defy this law.
  • Specifically, this view implies that any attempt to push up wages will either fail or have bad consequences. Setting a minimum wage, it’s claimed, will reduce employment and create a labor surplus, the same way attempts to put floors under the prices of agricultural commodities used to lead to butter mountains, wine lakes and so on
  • Pressuring employers to pay more, or encouraging workers to organize into unions, will have the same effect.
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  • But labor economists have long questioned this view
  • the labor force — is people. And because workers are people, wages are not, in fact, like the price of butter, and how much workers are paid depends as much on social forces and political power as it does on simple supply and demand.
  • What’s the evidence? First, there is what actually happens when minimum wages are increased. Many states set minimum wages above the federal level, and we can look at what happens when a state raises its minimum while neighboring states do no
  • the overwhelming conclusion from studying these natural experiments is that moderate increases in the minimum wage have little or no negative effect on employment.
  • Then there’s history. It turns out that the middle-class society we used to have didn’t evolve as a result of impersonal market forces — it was created by political action, and in a brief period of time
  • America was still a very unequal society in 1940, but by 1950 it had been transformed by a dramatic reduction in income disparities, which the economists Claudia Goldin and Robert Margo labeled the Great Compression.
  • How did that happen?
  • Part of the answer is direct government intervention, especially during World War II, when government wage-setting authority was used to narrow gaps between the best paid and the worst paid. Part of it, surely, was a sharp increase in unionization. Part of it was the full-employment economy of the war years, which created very strong demand for workers and empowered them to seek higher pay.
  • the Great Compression didn’t go away as soon as the war was over. Instead, full employment and pro-worker politics changed pay norms, and a strong middle class endured for more than a generation. Oh, and the decades after the war were also marked by unprecedented economic growth.
  • Walmart is under political pressure over wages so low that a substantial number of employees are on food stamps and Medicaid. Meanwhile, workers are gaining clout thanks to an improving labor market, reflected in increasing willingness to quit bad jobs.
  • its justification for the move echoes what critics of its low-wage policy have been saying for years: Paying workers better will lead to reduced turnover, better morale and higher productivity.
  • What this means, in turn, is that engineering a significant pay raise for tens of millions of Americans would almost surely be much easier than conventional wisdom suggests. Raise minimum wages by a substantial amount; make it easier for workers to organize, increasing their bargaining power; direct monetary and fiscal policy toward full employment, as opposed to keeping the economy depressed out of fear that we’ll suddenly turn into Weimar Germany. It’s not a hard list to implement — and if we did these things we could make major strides back toward the kind of society most of us want to live in.
  • The point is that extreme inequality and the falling fortunes of America’s workers are a choice, not a destiny imposed by the gods of the market. And we can change that choice if we want to.
maddieireland334

The stark contrast between the job market and the election, and why it matters - The Wa... - 0 views

  • I believe I can say, without partisan challenge, that what’s going on in the Republican presidential campaign is an embarrassment to the United States.
  • Since the Great Recession, the rate fell from around 83 percent down to around 81 percent or so. Over the six-plus years of economic expansion, the best you could say is “at least it didn’t fall further.”
  • the tight job market is providing workers with a bit more bargaining power.
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  • At 2.2 percent, average hourly wage growth is beating (very low) inflation, meaning paychecks have more buying power.
  • The underemployment rate, at 9.7 percent, remains elevated by 6 million part-time workers who would rather be full-timers but still can’t find the work.
  • the underemployment rate needs to fall another point before you can call the job market really tight
  • The underlying trend of job gains is over 200,000 per month, a strong enough clip to nudge the jobless rate even lower than its current eight-year low of 4.9 percent.
  • As you can see in the recent data, the better job market is giving people a reason to come back in and see what they can find.
  • It matters a great deal who they appoint in positions that directly affect fiscal policy. They appoint governors to the Federal Reserve. They set trade policy and deal with international competitors.
  • Unless the next president is smart and persuasive enough to get Congress to apply countercyclical policy to the next downturn, whatever gains folks have seen may be short-lived.
  • Many in the electorate are mad about the inequality embedded in the economy in a way that means they’ve only recently seen some gains (and that’s an average result — there are places that are still facing depressed conditions).
  • People are justifiably angry about an economy in which reckless finance brought us the recession, got bailed out and recovered way before the rest of us.
Javier E

Can This Really Be Donald Trump's Republican Party? - The New York Times - 0 views

  • A recent research paper, “Going to Extremes: Politics After Financial Crises, 1870-2014,” argues that financial crises like the Great Depression of the 1930s and the recent prolonged recession push voters in a conservative direction and allow right-wing parties in Europe to flourish.
  • under such circumstances,Votes for far-right parties increase strongly, government majorities shrink, the fractionalization of parliaments rises and the overall number of parties represented in parliament jumps.
  • Trump and Cruz are, in effect, the rebellious American counterparts to the UK Independence Party in England; the National Front in France; and the People’s Party in Denmark.
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  • George J. Borjas, a professor of economics at Harvard, argues thatillegal immigration reduces the wage of native workers by an estimated $99 to $118 billion a year, and generates a gain for businesses and other users of immigrants of $107 billion to $128 billion.
  • The left, Lind said,cannot cope with reality of how low-wage unskilled immigration has been driving down wages at the bottom of the labor market since the 1960s. Whenever multiculturalism collides with the interests of labor, multiculturalism wins.
  • The dynamic interaction of three current trends — voter anger over immigration, over offshoring and robotization, and over damage wrought by the economic meltdown of 2008 — has been crucial to Trump’s success.
  • : “In 1979, the four middle-skill occupations (sales; office and administrative workers; production workers; and operatives) accounted for 60 percent of employment,” according to David Autor, an economist at M.I.T. By 2012, “it was 46 percent.”
  • the aftereffects of the financial collapse: “The cost of the crisis, assuming output eventually returns to its precrisis trend path, is an output loss of $6 trillion to $14 trillion. This amounts to $50,000 to $120,000 for every U.S. household,”
  • While the recession was an economic phenomenon, its impact went beyond a sizable drop in output or consumption. The adverse psychological consequences are enormous
  • The “stark legacy of the recession and the lackluster labor market” are apparent in “reduced opportunity and deterioration,” according to the Dallas Federal Reserve. The number of men and women “not in the labor force” continues to grow, from 92.5 million in November 2014 to 94.4 million last month.
qkirkpatrick

100 years after WWI, poppy lives on as symbol - Washington Times - 0 views

  • William Sellick pinched the tiny scarlet petals with deft ease, turning them into paper poppies and pressing them into a wreath. The flowers are a potent symbol of remembrance and patriotism that sprang up in the aftermath of World War I to honor the war dead and raise funds for survivors.
  • Each handmade flower evokes the image of poppies springing up from destruction and decay in Belgium’s Flanders Fields, home to many of the Great War’s bloodiest battlefields. The haunting scene was immortalized in a war poem by Canadian army doctor John McCrae: “In Flanders fields the poppies blow/Between the crosses row on row.”
  • For Sellick, who suffered combat stress after an army tour to Northern Ireland in the 1970s, making poppies is a way to move on from a life shadowed by depression and alcoholism. He doesn’t like to recall his army days, but every November he makes an effort to help plant crosses decorated with poppies outside London’s Westminster Abbey.
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  • Although the poppy is most commonly worn today in Britain and Commonwealth countries like Canada, Australia, and New Zealand, it was a woman from the U.S. state of Georgia who was responsible for turning it into a symbol of the Great War. Moina Michael, a teacher, was so moved by McCrae’s poem that she vowed always to wear a poppy as a way to “keep the faith with all who died.”
  • To this day, the factory in west London’s Richmond makes the bulk of the 45 million poppies, wreaths and crosses sold across Britain
  • There are also those in Britain who avoid the tradition, saying the poppy has become too politicized and nationalistic, or even a symbol that glorifies war. Margaret MacMillan, a historian at Oxford University, said she once reluctantly pinned a poppy when appearing on television because producers insisted she do so.
  •  
    Poppy flower continues to be symbol of WWI throughout Britain and Canada. 
Javier E

The Republican Party's 50-State Solution - The New York Times - 0 views

  • The sustained determination on the part of the conservative movement has paid off in an unprecedented realignment of power in state governments.Seven years ago, Democrats had a commanding lead in state legislatures, controlling both legislative chambers in 27 states, nearly double the 14 controlled by Republicans. They held 4082 state senate and house seats, compared to the Republicans’ 3223.Sweeping Republican victories at the state level in 2010 and 2014 transformed the political landscape
  • By 2015, there were Republican majorities in 70 percent — 68 of 98 — of the nation’s partisan state houses and senates, the highest number in the party’s history. (Nebraska isn’t counted in because it has a non-partisan, unicameral legislature.) Republicans controlled the legislature and governorship in 23 states, more than triple the seven under full Democratic control.
  • “How the Right Trounced Liberals in the States,” by Alexander Hertel-Fernandez and Theda Skocpol, in the Winter edition of the journal Democracy, documents the failure of the left to keep pace with the substantial investments by the right in building local organizations.
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  • Away from the national level, the commitment of conservative donors to support a power shift in state government illustrates the determination of the right to eliminate regulatory and legal constraints on markets where their money has proven most productive.
  • Attempts to control the White House have become far more risky with the rise of a strong Democratic presidential coalition. In 2012, conservative groups put $700 million in a bid to win the presidency, two and a half times as much as liberal groups, but Obama still won decisively.
  • The willingness of conservatives to weather difficulty and to endure prolonged delay has been demonstrated repeatedly over the past decades.
  • the result for conservatives is thatyour volunteers and paid activists come out of a values-based institution, which is essentially not a political institution. People are there because of their values. If you come to politics from a club or church or veterans hall, it reinforces the stickiness of your work, your willingness to keep at it even if you are tired.
  • When the State Policy Network was founded in 1986, it had 12 affiliated state-based groups and a goal of creating an “interstate freedom network” to spread “the growth of freedom across America until a permanent freedom majority is built.” Today, there are one or more affiliated organizations in every state.
  • An examination of IRS reports from all of these conservative groups shows total spending in just one year, 2013, of $142.2 million, with the Texas Public Policy Foundation’s $8.9 million the largest expenditure.
  • The complex transactions between the foundations in the Koch Brothers network obscure the dollar amount of their investments in state and local organizations. But the Koch Companies’ June Quarterly Newsletter notes that the Koch brothers “hope to raise $889 million by the end of 2016, about two-thirds of which will help support research and education programs, scholarships and other efforts designed to change policies and promote a culture of freedom in the United States.”
  • the right can tap into an embeddedstructure of community-based cultural, religious, social organizations — churches, Elks, veterans halls, gun groups, local business organizations, etc. — that are gathering places with offices, meeting halls, phones and computers that can be used by activist troops for logistical and operational support.
  • In 1973, as the Watergate scandal was closing in on the Nixon administration, conservatives financed the creation of two institutions: the Heritage Foundation to counter the left on national policy, and the American Legislative Exchange Council (ALEC) to foster state-based conservative lobbies, interest groups and foundations.
  • “progressives don’t have these community based, indigenous resources to educate, organize and mobilize troops anymore.” With the exception of unions, “we have fewer local places to gather and belong.”
  • In 2004, major liberal donors financed two new national groups created specifically for the 2004 presidential election — Americans Coming Together ($79,795,487) and the Joint Victory Committee ($71,811,666).
  • Despite the investment, the Democratic nominee, John Kerry, lost. At that point, the liberal donor community came to general agreement that the left needed a secure a permanent infrastructure at the national level to compete with such conservative institutions as the Chamber of Commerce, the American Enterprise Institute, Americans for Tax Reform and Heritage.
  • A year later, Democracy Alliance established its goal of building a “progressive infrastructure that could help counter the well-funded and sophisticated conservative apparatus in the areas of civic engagement, leadership, media, and ideas.”At a national level, the alliance has played a significant role in the development of such groups as the Center for American Progress, a liberal think tank; Catalist, which builds and maintains voter lists; and Media Matters, which seeks to document and discredit “conservative misinformation throughout the media.”
  • It has begun to appear that the twenty-first century progressive brain is not as interested in clubs, communities and cultural sharing as the conservative brain is.
  • How, Stein asked, “could we have lost that? How does a communitarian world view lose its communitarian sense of self?”
  • the nature of political liberalism has changed.
  • The liberalism of the 1930s and 1940s was shaped by the Great Depression, and the response was, in many respects, communitarian: the strengthening of unions, the provision of jobs and government benefits to the poor and unemployed and the creation of a safety net to provide a modicum of security.
  • The left has, in part, shifted focus, with more stress on the values of self-expression and self-fulfillment, on individual liberation from the constraints of traditional morality, especially sexual morality — what my colleague Ross Douthat calls “The Liberalism of Adult Autonomy” or “the morality of rights.” Economic liberalism – despite progress on the minimum wage - has lost salience.
  • Instead of communitarian principles, the contemporary progressive movement — despite its advocacy of local issues like community policing — has produced a counterpart to conservative advocacy of free markets: the advocacy of personal freedom.
  • Insofar as liberals continue to leave the state-level organization to conservatives, they are conceding the most productive policy arenas in the country.
  • As left interests are being cut out of this process, the groundbreaking work is being done on the right. The losses for the Democratic Party and its allies include broken unions, defunded Planned Parenthood, lost wetlands and forests, restrictive abortion regulations and the proliferation of open-carry gun laws.
  • conservatives have overseen the drawing of legislative and congressional districts that will keep Republicans in power over the next decade. In this way, through the most effective gerrymandering of legislative and congressional districts in the nation’s history, the right has institutionalized a dangerous power vacuum on the left.
Javier E

Andrew Sullivan: America's New Religions - 0 views

  • Everyone has a religion. It is, in fact, impossible not to have a religion if you are a human being. It’s in our genes and has expressed itself in every culture, in every age, including our own secularized husk of a society.
  • By religion, I mean something quite specific: a practice not a theory; a way of life that gives meaning, a meaning that cannot really be defended without recourse to some transcendent value, undying “Truth” or God (or gods).
  • Which is to say, even today’s atheists are expressing an attenuated form of religion. Their denial of any God is as absolute as others’ faith in God, and entails just as much a set of values to live by — including, for some, daily rituals like meditation, a form of prayer.
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  • “Religion is an attempt to find meaning in events, not a theory that tries to explain the universe.” It exists because we humans are the only species, so far as we can know, who have evolved to know explicitly that, one day in the future, we will die. And this existential fact requires some way of reconciling us to it while we are alive.
  • This is why science cannot replace it. Science does not tell you how to live, or what life is about; it can provide hypotheses and tentative explanations, but no ultimate meaning
  • appreciating great art or music is ultimately an act of wonder and contemplation, and has almost nothing to say about morality and life.
  • Here’s Mill describing the nature of what he called “A Crisis in My Mental History”:
  • It is perfectly possible to see and record the absurdities and abuses of man-made institutions and rituals, especially religious ones, while embracing a way of life that these evil or deluded people preached but didn’t practice
  • Seduced by scientism, distracted by materialism, insulated, like no humans before us, from the vicissitudes of sickness and the ubiquity of early death, the post-Christian West believes instead in something we have called progress — a gradual ascent of mankind toward reason, peace, and prosperity — as a substitute in many ways for our previous monotheism
  • We have constructed a capitalist system that turns individual selfishness into a collective asset and showers us with earthly goods; we have leveraged science for our own health and comfort. Our ability to extend this material bonanza to more and more people is how we define progress; and progress is what we call meaning
  • But none of this material progress beckons humans to a way of life beyond mere satisfaction of our wants and needs. And this matters. We are a meaning-seeking species
  • Ditto history
  • So what happens when this religious rampart of the entire system is removed? I think what happens is illiberal politics. The need for meaning hasn’t gone away, but without Christianity, this yearning looks to politics for satisfaction.
  • Russell, for his part, abandoned Christianity at the age of 18, for the usual modern reasons, but the question of ultimate meaning still nagged at him. One day, while visiting the sick wife of a colleague, he described what happened: “Suddenly the ground seemed to give away beneath me, and I found myself in quite another region. Within five minutes I went through some such reflections as the following: the loneliness of the human soul is unendurable; nothing can penetrate it except the highest intensity of the sort of love that religious teachers have preached; whatever does not spring from this motive is harmful, or at best useless.”
  • Our modern world tries extremely hard to protect us from the sort of existential moments experienced by Mill and Russell
  • Netflix, air-conditioning, sex apps, Alexa, kale, Pilates, Spotify, Twitter … they’re all designed to create a world in which we rarely get a second to confront ultimate meaning — until a tragedy occurs, a death happens, or a diagnosis strikes
  • Liberalism is a set of procedures, with an empty center, not a manifestation of truth, let alone a reconciliation to mortality. But, critically, it has long been complemented and supported in America by a religion distinctly separate from politics, a tamed Christianity
  • religious impulses, once anchored in and tamed by Christianity, find expression in various political cults. These political manifestations of religion are new and crud
  • Will the house still stand when its ramparts are taken away? I’m beginning to suspect it can’t.  And won’t.
  • like almost all new cultish impulses, they demand a total and immediate commitment to save the world.
  • We have the cult of Trump on the right, a demigod who, among his worshippers, can do no wrong. And we have the cult of social justice on the left, a religion whose followers show the same zeal as any born-again Evangelical
  • They are filling the void that Christianity once owned, without any of the wisdom and culture and restraint that Christianity once provided.
  • social-justice ideology does everything a religion should. It offers an account of the whole: that human life and society and any kind of truth must be seen entirely as a function of social power structures, in which various groups have spent all of human existence oppressing other groups
  • it provides a set of practices to resist and reverse this interlocking web of oppression — from regulating the workplace and policing the classroom to checking your own sin and even seeking to control language itself.
  • “Social justice” theory requires the admission of white privilege in ways that are strikingly like the admission of original sin
  • To the belief in human progress unfolding through history — itself a remnant of Christian eschatology — it adds the Leninist twist of a cadre of heroes who jump-start the revolution.
  • many Evangelicals are among the holiest and most quietly devoted people out there. Some have bravely resisted the cult. But their leaders have turned Christianity into a political and social identity, not a lived faith, and much of their flock — a staggering 81 percent voted for Trump — has signed on. They have tribalized a religion explicitly built by Jesus as anti-tribal.
  • The terrible truth of the last three years is that the fresh appeal of a leader-cult has overwhelmed the fading truths of Christianity.
  • This is why they are so hard to reach or to persuade and why nothing that Trump does or could do changes their minds. You cannot argue logically with a religion
  • — which is why you cannot really argue with social-justice activists either
  • so we’re mistaken if we believe that the collapse of Christianity in America has led to a decline in religion. It has merely led to religious impulses being expressed by political cults.
  • both cults really do minimize the importance of the individual in favor of either the oppressed group or the leader
  • They demonstrate, to my mind, how profoundly liberal democracy has actually depended on the complement of a tolerant Christianity to sustain itself — as many earlier liberals (Tocqueville, for example) understood.
  • It is Christianity that came to champion the individual conscience against the collective, which paved the way for individual rights. It is in Christianity that the seeds of Western religious toleration were first sown. Christianity is the only monotheism that seeks no sway over Caesar, that is content with the ultimate truth over the immediate satisfaction of power. It was Christianity that gave us successive social movements, which enabled more people to be included in the liberal project, thus renewing i
  • The question we face in contemporary times is whether a political system built upon such a religion can endure when belief in that religion has become a shadow of its future self.
  • it occurred to me to put the question directly to myself: ‘Suppose that all your objects in life were realized; that all the changes in institutions and opinions that you are looking forward to, could be completely effected at this very instant; would this be a great joy and happiness to you?’ And an irrepressible self-consciousness distinctly answered: ‘No!’”
  • I think it was mainly about how the people of Britain shook off the moral decadence of the foreign policy of the 1930s, how, beneath the surface, there were depths of feeling and determination that we never saw until an existential crisis hit, and an extraordinary figure seized the moment.
  • how profoundly I yearn for something like that to reappear in America. The toll of Trump is so deep. In so many ways, he has come close to delegitimizing this country and entire West, aroused the worst instincts within us, fed fear rather than confronting it, and has been rewarded for his depravity in the most depressing way by everything that is foul on the right and nothing that is noble.
  • I want to believe in America again, its decency and freedom, its hostility, bred in its bones, toward tyranny of any kind, its kindness and generosity. I need what someone once called the audacity of hope.
  • I’ve witnessed this America ever since I arrived — especially its embrace of immigrants — which is why it is hard to see Trump tearing migrant children from their parents
  • But who, one wonders, is our Churchill? And when will he or she emerge?
Javier E

At Carrier, the Factory Trump Saved, Morale Is Through the Floor - The New York Times - 0 views

  • From afar, one might assume the picture is rosy: Indiana has an unemployment rate of just 3.3 percent, and for people without a college degree, few employers offer the kind of salary and benefits that Carrier does. But when I got to Indianapolis in July, I found that the factory Mr. Trump is often credited with saving is plagued by rising absenteeism and low morale.
  • What’s ailing Carrier isn’t weak demand. Furnace sales are strong, and managers have increased overtime and even recalled 150 previously laid-off workers. Instead, employees share a looming sense that a factory shutdown is inevitable — that Carrier has merely postponed the closing until a more politically opportune moment.
  • In some ways, the situation is a metaphor for blue-collar work and life in the United States today. Paychecks are a tad fatter and the economic picture has brightened slightly, but no one feels particularly secure or hopeful
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  • Several times in late July and early August, so many workers were missing that the furnace line had to shut down in midday — even more disruptive than an early-morning halt. That hadn’t happened in years, employees said. Some workers cite illness, while others claim days under the Family and Medical Leave Act, saying they are taking care of sick relatives
  • On the worst days, according to one group leader, up to one in five workers are out. It’s true that the company has been running the factory hard — up to 60 hours a week with mandatory overtime, six days in a row — and some absenteeism could be due to sheer exhaustion, Mr. Roell allowed. But “bad blood,” as he put it, is at least as much to blame. “Workers feel like Carrier is going to leave,” he said, “whether we come to work or not.”
  • “There have been a few days when three people don’t show up and I’ve had to work on the line all day,” Mr. Maynard said. “The attitude, the demeanor — they’re not grateful that they have a job. The absenteeism is real bad. A lot of us need our jobs. Others look at it and they don’t really care anymore.”
  • A week after the election, the president-elect called the chief executive of Carrier’s parent, United Technologies. They worked out terms: Carrier would lay off 632 of its roughly 1,350 blue-collar employees in Indianapolis, but in exchange for $7 million in tax breaks, it would keep the plant open and invest $16 million in new equipment. A little more than half of the workers would keep their jobs.
  • The bad vibes can be catching. “It makes it so depressing you don’t feel like going in,” he added. “I need the job, but some days you just want it to be over with.”
  • Yes, Mr. Hayes said, the company would invest in the Carrier facility, as it had promised Mr. Trump. But those funds were earmarked for automation, and would ultimately mean fewer jobs in Indianapolis, not more. Assembly-line positions there were not ones “that people really find all that attractive over the long term,” Mr. Hayes said. There were “great, great people” there, he added, “but the skill set to do those jobs is very different than what it takes to assemble a jet engine.” The Carrier faithful didn’t appreciate the slights
  • Even before the closure announcement, he said, supervisors gathered people from the lines and pointed out, ominously, that their counterparts in Mexico missed fewer days. “I’m worried they will use the absenteeism as an excuse to shut the factory,” Mr. Roell said. “They aren’t doing anything to improve morale.”
  • Mr. Roell doesn’t want his son, 10, or his daughter, 15, to follow him into factory work. “We tell them all the time to go to college or trade school,” he said. “It’s just not stable working in manufacturing. One day, the factory is going to go to another state or country.
Javier E

Quantifying the Coming Recession - The Atlantic - 0 views

  • we’re in a recession and everyone knows it. And what we’re experiencing is so much more than that: a black swan, a financial war, a plague
  • To quantify the present reality, we have to rely on anecdotes from businesses, surveys of workers, shreds of private data, and a few state numbers. They show an economy not in a downturn or a contraction or a soft patch, not experiencing losses or selling off or correcting. They show evaporation, disappearance on what feels like a religious scale.
  • What is happening is a shock to the American economy more sudden and severe than anyone alive has ever experienced
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  • The unemployment rate climbed to its apex of 9.9 percent 23 months after the formal start of the Great Recession. Just a few weeks into the domestic coronavirus pandemic, and just days into the imposition of emergency measures to arrest it, nearly 20 percent of workers report that they have lost hours or lost their job.
  • Absent a strong governmental response, the unemployment rate seems certain to reach heights not seen since the Great Depression or even the miserable late 1800s. A 20 percent rate is not impossible.
  • The economy is not tipping into a jobs crisis. It is exploding into one. Given the trajectory of state reports, it is certain that the country will set a record for new jobless claims next week, not only in raw numbers but also in the share of workers laid off. The total is expected to be in the range of 1.5 million to 2.5 million, and to climb from there.
  • The economy had been plodding along in its late expansion, growing at a 2 or 3 percent annual pace. Now, private forecasters expect it will contract at something like a 15 percent pace, though nobody really know
  • The markets are not normal, either. The stock market lost 20 percent of its value in just 21 days—the fastest and sharpest bear market on record, faster than 1929, faster than 1987, 10 times faster than 2007.
  • Yet in the real economy, everything has halted, frozen in place. This is not a recession. It is an ice age.
Javier E

How Trump?s attempts to win the daily news cycle feed a chaotic coronavirus response - ... - 0 views

  • But in Trump’s White House, certain symptoms remain: a president who governs as if producing and starring in a reality television show, with each day a new episode and each news cycle his own creation, a successive installment to be conquered.
  • Facing a global pandemic, Trump still seems to lurch from moment to moment, with his methods and messages each day disconnected from — and in some cases contradictory to — the ones just prior.
  • Trump has focused on his self-image — claiming credit wherever he believes it is owed, attempting to project strength and decisiveness, settling scores with critics, boasting about the ratings of his televised news conferences and striving to win the cable news and social media wars.
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  • Lapan added that it is important for the president to address the public about a topic as serious as the pandemic but said Trump should quickly “turn it over to the experts and leave, and not turn it into this stream of consciousness of every topic he wants to talk about and the adoration that seems to be required from everybody else who participates.”
  • “Trump is a sales guy, and it’s all about point of sale,” said Stuart Stevens, a longtime Republican operative and frequent Trump critic. “It’s not about repeat customers and follow-ups. He wants to get the sale — that’s it — he wants to sell you the undercoating for your car, and it’s not his problem if the car breaks driving off of the lot.”
  • Trump’s mind at times was elsewhere. A few hours before his news conference, he took to Twitter to brag about the high television ratings of his coronavirus updates, noting that they were on par with the season finale of “The Bachelor,” an ABC reality hit.
  • At day’s end, when Trump strode into the White House press briefing room to deliver a coronavirus update, he turned over the presidential lectern to an array of business executives, who alternately praised him and pitched their products.
  • The potpourri quality of Trump’s message to a nation in crisis that day was a stark contrast to Franklin D. Roosevelt, who as president during the Great Depression and World War II offered his reassurances in a series of fireside chats broadcast nationally — and he limited them to have maximum impact.
  • “He only delivered these fireside chats every couple of months, when there was an essential moment for the president to speak,”
  • “Someone said to him, ‘Why don’t you go on the radio every night? Your speeches are so effective.’ He said, ‘If my speeches become routine they will lose their effectiveness.’ And he said, ‘It takes me three or four days to work on a fireside chat — and I have to run the country, too.”
  • By Tuesday, Trump had finally come to acknowledge the sheer magnitude of the crisis.
  • the president and his medical experts offered a somber and grim projection: In a best-case scenario, and with strict abidance by social distancing, between 100,000 and 240,000 Americans would die of the coronavirus.
  • The worst-case scenario was even more horrifying: Without community mitigation measures, the models presented by the White House predict 1.5 million to 2.2 million Americans could die.
  • Lockhart said that Tuesday’s news conference was a concerted effort by the administration to “rewrite history,” after two months of Trump playing down the threat of the virus. He added that there appeared to be a political calculation as well: By revealing specific projected fatalities, Trump laid the groundwork to be able to claim victory ahead of November’s election if the death toll is substantially less than predicted.
  • The Centers for Disease Control and Prevention had developed new guidance to mitigate the coronavirus, recommending all Americans wear face masks, and as with many announcements by the federal government, Trump chose to unveil it himself.
  • But he risked diluting the effectiveness of the measure — designed to prevent asymptomatic carriers of the virus from spreading to others — by stressing it was voluntary and musing at Friday’s news conference that he wouldn’t be seen wearing a mask himself.
  • his vanity, it seemed, could not abide wearing a mask.Asked why he opposed covering his nose and mouth as the CDC recommends, Trump struggled to articulate his hesitation.“Somehow sitting in the Oval Office behind that beautiful Resolute Desk — the great Resolute Desk — I think wearing a face mask as I greet presidents, prime ministers, dictators, kings, queens, I don’t know. Somehow, I don’t see it for myself.”
Javier E

History News Network | What's Happened to Historians? - 0 views

  • Becker believed, like Jefferson, that an educated electorate was “the cornerstone of democracy.”
  • That cornerstone erodes, however, whenever rationally minded people seclude themselves in their privileged institutional fortresses. At that point, democratic discussion deteriorates into the kind of ill-informed and opinionated squabbling that the wealthiest and most powerful among us will almost certainly misuse to their advantage—as they did in 1980 with Ronald Reagan as their champion
  • This was indeed the right moment to sell a historical fantasy of visionary risk takers selflessly transforming the United States from a small agricultural nation into a great economic power (never mind corporation and patent laws, tariffs, land grants, state-supported transportation improvements, and other public efforts to promote economic growth) and of European immigrants achieving the American Dream, not with taxpayer support, but strictly through their own initiatives (forget about social security, public works programs, public schools, labor and Civil Rights laws, etc.).
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  • Many everyday Americans facing an uncertain future considered this a more optimistic and emotionally appealing vision of the past
  • Billionaires, meanwhile, used their enormous wealth to undermine the credibility of historians and other professionals by employing their own well-educated, well-paid experts at the Heritage Foundation, the Cato Institute, and scores of other tax-deductible, non-profit organizations
  • As memories of child labor, Robber Barons, and the Great Depression, faded, so did FDR’s contention that “true individual freedom cannot exist without economic security and independence.” More and more Americans were persuaded that the concept of freedom meant only the unrestricted pursuit of self-interest.
  • And in Reagan’s America, government didn’t guarantee that kind of anarchic freedom. It threatened it.
  • new authorities claimed that corporations and private foundations would support arts and humanities causes more generously and efficiently than the government had ever done. But as companies began running their philanthropic enterprises through marketing offices rather than community service operations, government and non-profit groups soon found that corporate support was less than promised and anything but disinterested.
  • With facts mattering less and less, ideas all becoming political, and truth subject to crass manipulation, political guru Karl Rove famously boasted that, by 2004, the success of the so-called revolution that began in the 1980s was all but assured. Scholarly experts, according to Rove, had become irrelevant. While they were studying “discernible reality” and talking among themselves, Rove claimed that he and his patrons (described as “history’s actors”) were making reality as they chose.
  • by denigrating professionally sanctioned scientific and historical analysis, political extremists such as Karl Rove have now enabled the presidency of for Donald Trump: with Trump loving the poorly educated to distracting people with alternative facts, far too many of today’s Americans seem to be reveling in a Caligari-like world of amnesia and hallucination.
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